NapBots assures stress-free trading with its automated bots and crypto indexes. The copy trade marketplace allows an easy way to execute successful trades. For day traders, the platform offers different types of bots such as pre-built bots, AI bots, Altcoin bots, and much more. Binance, Huobi, Bitfinex, Okex, Kraken, FTX, and Bitfinex are the main exchanges the service supports.
How does this crypto bot work?
The platform designs profitable trading strategies which are accessible through its unique marketplace. Users can choose from the approaches as per their style of trading and the market conditions. A combination of approaches can also be used. The platform also offers a portfolio balancing feature which is free and can be completed in a few seconds.
Getting started with NapBots
Using the platform involves the following steps:
- Connect your trading account to the platform using your exchange API key. The platform allows connecting one account per exchange
- Choose the strategy you prefer or create a combination of strategies,
- Pick a suitable pricing plan which the service recommends for you automatically
- You can set the amount you wish to trade or do it after you have started trading
Company information
Launched in 2020, the service is part of Napolean Software which is an affiliate of Coinshares International Limited. The team members are data scientists who have developed the platform as a user-centric service.
Features of NapBots
Some of the significant features of the bot service are:
Diverse bots
The service offers different types of bots from which users can choose as per their investment preference, auto rebalancing, or day trading needs. Mean-reversion, trend following bots, and AI bots are some of the bots available.
Multiple accounts
You can manage multiple accounts on the supported exchanges with a single subscription package. The vendor allows connecting one account per exchange. Tutorials are present for each exchange with dedicated setup guides.
User-friendly dashboard
The dashboard has easy-to-access features including safe and accurate tools for tracking your crypto portfolio. The copy trade feature allows you to copy the strategies or indexes and begin trading.
Advanced algorithms
The bots use advanced algorithms that process market information in real-time. You need not spend long hours assessing the market for accurate entries as the bot algorithm and strategies help in making accurate trades.
Strategies of NapBots
Long only, long-short, trend following, mean reversal and uncorrelated strategies are some of the strategies offered by the platform. You can create a combination of the strategies by choosing from the unique tool library that the service provides.
Pricing, fees and commissions
A silver plan costing €16 per month, a gold plan costing €41 per month, and a Platinum plan costing €83 per month are present. An unlimited number of exchanges, indexes, weekly bots, and daily bots are present with the packages. Other features include a maximum investment capacity ranging from $1000 to $5000, leverage, email, and phone support, and early access to new strategies. All three packages offer a 7-day free trial. Payments in EUR, USD, and cryptocurrencies are allowed.
Deposit requirements
The vendor does not provide deposit requirements for trading with the bots.
What exchanges does NapBots support?
The major exchanges the bot supports are:
- Bitfinex
- Okex
- Huobi
- Kraken
- FTX
- Binance
What languages does NapBots support in their product?
English, French, and Turkish are the languages the platform supports.
Can you really make money with this bot?
As per the vendor, the platform uses advanced methods and effective strategies that help identify accurate trades resulting in a high probability of profits. However, there is no verified proof present that shows the efficacy of the bots.
Advantages of NapBots
- Automated bots
- User-friendly interface
- Advanced algorithms
- 7-day free trial
Disadvantages of NapBots
- Does not support many exchanges
- No verified track record
Customer support
For support, a knowledge base, an online contact form, and social media links to Facebook, LinkedIn, Medium, and Twitter are present. The support team works 24/7 to respond to user queries.
Who is NapBots suitable for?
The easy-to-use interface, simple working methodology, and support make the platform ideal for beginners, day traders, and holders.
NapBotssummary: is it worth going for it?
Napbots offers fully automated bots that take full control of your trading in a few clicks. The advanced strategies, auto rebalancing, and free trial are benefits of this platform. However, the lack of performance proof, expensive pricing plans, and limited exchange support are downsides you need to consider in this service.
- Features: 5/10
- Ease of Use: 6/10
- Fees: 4/10
- Support: 5/10
- Price: 4/10
- Payment methods: 4/10
